Infrastructure projects promise jobs, urgent upgrades

11/30/2010 | GlobeSt.com

President Barack Obama's proposed $50 billion, six-year infrastructure program promises both jobs and badly needed improvement to the nation's roads, rails and runways, writes Howard Roth, a partner with Ernst & Young's Real Estate practice. The program would upgrade or rebuild 150,000 miles of roadway, 4,000 miles of rails and 150 miles of runways. That's a drop in the bucket of what the U.S. really needs anyway, Roth notes: The American Society of Civil Engineers estimates $2.2 trillion is needed to bring the nation's infrastructure up to standard.

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